Can someone provide details of departments of cuts today and rough # of people? Doesn't seem like an cuts in WIM this time, is that right? How about CIB?
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For those that have been laid off and found a new job. Do you know what the process is to get them to send the remaining lump sum severance and discontinue benefits?
Any departures in Tech's Cloud organization?
This program is one of the sources for layoffs in rest of LOB Tech divisions. Too bloated.
Have heard that businesses are on a monthly cadence now, but obviously we are still displacing people every two weeks, but rotating impacts across businesses and giving HR a bit more time to prep. Any truth to this?
Don’t be rude, you guys. We are all here to try and learn more about who and what areas are affected each week. If you don’t care for OP’s questions it’s like Facebook, you can keep on scrolling by.
I heard a lot of people in Middle Market Banking were let go.
The biggest hit this week was CB BMO/CAO. I know of entire departments that list 75%.
MC included in the loc strategy impact eventually
Marketing is hiring
@a3+1jmd8kd4p Heard a couple director/managers in CB BMO today. Wider cuts I would think? MC’s org is a bit over staffed and not widely aligned to location strategy.
Two on my team put in their notice. Neither were expected departures.
All quiet in my tech area, not heard a peep.
I know this is hard for some folks to grasp but this website is called the layoff.com for a reason so people can share information about layoffs and potential layoffs.
On my end I heard folks in IT for Conduct Management were affected. Not sure about how many as of yet.
OP, why do you need to know?
Does this hurt the fish?
It's none of your business.
I was impacted today. Commercial Banking CAO/BMO
I heard tech is affected.